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Dec 14, 2012
12/12
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jeff, tell me why you disagree with me or ed. >> i do agree with you eliot. the proof of the pudding is the fact that we did cut tax rates on the rich in the early 2000s under president bush. they're the job creators, the investors, we got a bad economic recovery in expansion. virtually no job creation in that period. the reason is by in large what you're talking about. cutting tax on the rich is not the way to get growth. especially when taxes are already low. the way to get growth now is that we need more demand stimulus and the real danger is all this talk about cutting government spending can jeopardize the rather tepid economic growth we already have next year. >> eliot: ed, back to you. crs, congressional research service came out with a study there is, in fact no correlation between lowering taxes and increasing investment. many studies i have looked at reach the same conclusion. what is your sort of argument that those studies are wrong as a matter of analytical outcome? >> we don't give out ph.d.s for not finding correlation. first you have to find a
jeff, tell me why you disagree with me or ed. >> i do agree with you eliot. the proof of the pudding is the fact that we did cut tax rates on the rich in the early 2000s under president bush. they're the job creators, the investors, we got a bad economic recovery in expansion. virtually no job creation in that period. the reason is by in large what you're talking about. cutting tax on the rich is not the way to get growth. especially when taxes are already low. the way to get growth now...
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Dec 4, 2012
12/12
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jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets respond to every single statement that comes out of washington right now. what do you make of that? >> i think it's the same washington waltz we saw last year. they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good network on the hill. i think they're going to have some kind of staged in agreement and then agree to attack the entitlement situation in the new year. >> michael, what do you make of what's going on? how do you try and trade this? at least we had some volatility the traders could trade on. now we don't have that. >> i think the lower volatility is telling you this is an extremely resilient stock market. i've been calling this the rocky balboa stock market. the entire scenario playing out is the fiscal cliff ends up being bullish no matter what. spending cu
jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets respond to every single statement that comes out of washington right now. what do you make of that? >> i think it's the same washington waltz we saw last year. they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good...
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Dec 11, 2012
12/12
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news, jeff greenfield. and from washington and msnbc political analyst, eugene robinson. >> i'm reading the jeff greenfield column. >> isn't it fantastic? >> it's always fantastic. he posted at 4:00 a.m. this morning. i was weeping by 4:15. it was unbelievable. it really was. except i disagree with it. everything about it. the misleading second term curse. poor barack obama, after fighting and spending his way to a close but clear re-election, he's doomed to four years of agony, thanks to that second term curse that affects just about every president who's had the misfortune to win a second term. the litmyany appears compelling from lincoln to fdr setback to nixon's disgrace to reagan's iran contra scandal to clinton's impeachment, to george w. bush's collapsing popularity a second term sounds so unappealing it's almost surprising obama didn't ask for a recount. it doesn't afflict every president. second, for many president, the woes of the second term are rooted in action and decisions taken in the first t
news, jeff greenfield. and from washington and msnbc political analyst, eugene robinson. >> i'm reading the jeff greenfield column. >> isn't it fantastic? >> it's always fantastic. he posted at 4:00 a.m. this morning. i was weeping by 4:15. it was unbelievable. it really was. except i disagree with it. everything about it. the misleading second term curse. poor barack obama, after fighting and spending his way to a close but clear re-election, he's doomed to four years of...
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Dec 24, 2012
12/12
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dagen: jeff, thank you very much. happy holidays. merry christmas. jeff: thank you, dagen. dennis: "the hobbit" is becoming a trend in hollywood. it took in $36.7 million. the action thriller starring tom cruise debuts in second place "this is 40" is coming in at third. that is followed by "rise of the guardians." dagen: i have no interest. dennis: okay. dagen: i will send all of my family to go see it. this woman was fired for being too attractive. this was in iowa. we will take that case apart. dennis: what will this mean for the fashion model business? first, take a look at the markets. ♪ >> i am lori rothman with your fox business brief. it is a sea of red. the driving force to turnover, one else, the fiscal cliff, now just seven days away. goldman sachs reinstating general motors with a vibrating and a $35 price target. goldman says gm will benefit from a fresh product cycle. santa claus is coming to town tonight. you will not be able to find him on google maps. norad has decided to switch for the first time. that is the latest from the fox business network. giving y
dagen: jeff, thank you very much. happy holidays. merry christmas. jeff: thank you, dagen. dennis: "the hobbit" is becoming a trend in hollywood. it took in $36.7 million. the action thriller starring tom cruise debuts in second place "this is 40" is coming in at third. that is followed by "rise of the guardians." dagen: i have no interest. dennis: okay. dagen: i will send all of my family to go see it. this woman was fired for being too attractive. this was in...
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Dec 27, 2012
12/12
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jeff? >> i actually know where those parking meters are and i paid them yesterday but i don't want to spoil the fun. yes, a big refinery back behind me. there is a commodity being traded back there that is already fallen off the fiscal cliff. i'll tell you what it is. you tell them about the parking meters when we come back. ♪ shibani: we have breaking news. citibank's website and mobile interfaces are currently down. however the website for the credit card business is apparently working. different people have different user experiences. i tried to log on from my computer and i'm okay. mogul website having spotty technical issues. citigroup apparently had technical issues starting yesterday and is telling users to clear their cache and restart the browser. no sign that this is denial of service attack that we've seen on banks before. we'll stay on top of the story. that is something we're watching right now. david: after hitting a two-month high, crude oil ending session lower, as a littl
jeff? >> i actually know where those parking meters are and i paid them yesterday but i don't want to spoil the fun. yes, a big refinery back behind me. there is a commodity being traded back there that is already fallen off the fiscal cliff. i'll tell you what it is. you tell them about the parking meters when we come back. ♪ shibani: we have breaking news. citibank's website and mobile interfaces are currently down. however the website for the credit card business is apparently...
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Dec 29, 2012
12/12
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for scott pelley, i'm jeff glor. good night. >> your realtime captioner: linda marie macdonald >>> good evening, i'm allen martin. >> i'm elizabeth cook. >>> we begin tonight over the bay. the tiburon fire department has just rescued two people from the water near the golden gate bridge. they are now at the coast guard station and doctors are treating them. about 45 minutes ago, someone onshore called the coast guard saying he saw two people in the water near the north tower and it looked like they were in trouble. cbs 5 meteorologist brian hackney says the water is 53 degrees. that's all we know. we don't know the condition or what happened. we'll bring you any new updates. >>> legendary lawman william bratton has been hired to help oakland deal with what even the mayor now admits is an unacceptable crime problem. events of the last 20 hours or so are proving he has his work cut out for him. three people were killed in two incidents. cbs 5 reporter linda yee asked just what can bratton do for oakland? linda? >> the
for scott pelley, i'm jeff glor. good night. >> your realtime captioner: linda marie macdonald >>> good evening, i'm allen martin. >> i'm elizabeth cook. >>> we begin tonight over the bay. the tiburon fire department has just rescued two people from the water near the golden gate bridge. they are now at the coast guard station and doctors are treating them. about 45 minutes ago, someone onshore called the coast guard saying he saw two people in the water near the...
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Dec 1, 2012
12/12
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live in los gatos, nbc bay area news. . >> i'm jeff ranieri in the nbc bay area weather center. more showers lingering for tonight and parts of saturday, but a stronger weekend storm is developing and after winds at 60 miles per hour today. weak treas and power lines that could come down in the weekend storm. right now we have a live look in san jose where the commute is going to get nasty as we head throughout parts of the weekend. >> also the partnership you may not expect. >> the whole nasa thing, wow. you don't even get that at the best technical schools of the country. you get that in prison. >> it's eye-opening. san quentin inmates go to work for nasa. this out of the world experiment that some say will reduce crime. >> some say people need protection from id thieves. we will tell you how it happened, coming up. >> an nbc exclusive with tim cook. [ female announcer ] why settle for plain bread? here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let t
live in los gatos, nbc bay area news. . >> i'm jeff ranieri in the nbc bay area weather center. more showers lingering for tonight and parts of saturday, but a stronger weekend storm is developing and after winds at 60 miles per hour today. weak treas and power lines that could come down in the weekend storm. right now we have a live look in san jose where the commute is going to get nasty as we head throughout parts of the weekend. >> also the partnership you may not expect....
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Dec 12, 2012
12/12
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. >> greg mcbride warns that the risk of inflation could be closer than you think, and jeff says this is the time to be overweight equity. great you have to both with us. greg, let me ask you first of all. how much do we care about what ben bernanke said today in terms of what we do with our money? >> well, i mean, i don't think that this makes big changes in terms of how you govern your portfolio necessarily, about there are marginal impacts. i think this is going to bring down long-term interest rates a little bit more which will facilitate home purchases. it will facilitate refinancing or re-refinancing for people who have previously done so, and i think this pumps a little bit more air into that equity rally, so, you know, clearly people long in equities i think stand to benefit provided we avert the fiscal cliff. >> and, in fact, jeff, you're overweight equities as we said. why? >> first of all, plett me back up and say i think this announcement from the fed was really not a difference of degree but a difference of kind. as long as you have the fed standing by their policy of qua
. >> greg mcbride warns that the risk of inflation could be closer than you think, and jeff says this is the time to be overweight equity. great you have to both with us. greg, let me ask you first of all. how much do we care about what ben bernanke said today in terms of what we do with our money? >> well, i mean, i don't think that this makes big changes in terms of how you govern your portfolio necessarily, about there are marginal impacts. i think this is going to bring down...
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Dec 13, 2012
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>> what do you think, jeff cox? >> the fed told you everything they want to know as far as their thinking towards the fiscal cliff negotiations. they have said, threw down the gauntlet, we're going to be here. the global u.s., the economy is of the fed, by the fed, for the fed. we have now $65 trillion worth of global assets tied up at zero interest economies. what's that doing for economies? they are looking for yield, junk bond issuance at its highest level ever by allotted, so you're seeing -- that's where this trade is going to keep going. investors setting themselves up for a lot of trouble. the third thing is now basically investors are at sea. what do you do? i'll tell you a very telling story. bank of america 2013 outlook. they are super bullish and hung a 1600 on the s&p next year and said the biggest downside risk improvement in the u.s. economy because that might get the fed to scale back. that's how you show how dependant we are and what little confidence they have of what's going on in washington. >> do
>> what do you think, jeff cox? >> the fed told you everything they want to know as far as their thinking towards the fiscal cliff negotiations. they have said, threw down the gauntlet, we're going to be here. the global u.s., the economy is of the fed, by the fed, for the fed. we have now $65 trillion worth of global assets tied up at zero interest economies. what's that doing for economies? they are looking for yield, junk bond issuance at its highest level ever by allotted, so...
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Dec 28, 2012
12/12
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i'm jeff glor. it is the end of a holiday week, but it would appear congress is just getting started. tonight, the president said he is mottestly optimistic about a deal to avoid the fiscal cliff, which would mean avoiding automatic tax increases and spending cuts come, you know, 1. the president spoke to the nation this evening after an hour-long meeting with congressional leaders at the white house. democrat and republican leaders have agreed to extend jobless benefits and some tax increases. they appear to remain deadlocked on who exactly will pay those higher taxs. we have two reports tonight, beginning with major garrett at the white house. major, good evening. >> reporter: good evening, jeff. two things are clear tonight that were not clear this morning-- progress is real and if a deal is reached, it will be far smaller than any of the key players envisioned only a couple weeks ago. is this deal, if it's to be reached, will not the so-called grand bargain with trillions of dollars of deficit r
i'm jeff glor. it is the end of a holiday week, but it would appear congress is just getting started. tonight, the president said he is mottestly optimistic about a deal to avoid the fiscal cliff, which would mean avoiding automatic tax increases and spending cuts come, you know, 1. the president spoke to the nation this evening after an hour-long meeting with congressional leaders at the white house. democrat and republican leaders have agreed to extend jobless benefits and some tax increases....
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Dec 5, 2012
12/12
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republican senator jeff sessions with me. he was listening in to the interview. he joins is me now from capitol hill. good to see you, senator. thanks for joining us. let me me get your reaction. >> well, he's spinning a situation that's so serious. we've got to confront honestly and directly. he said on the sundays shows that they were fixing our debt problem, putting us on a sustainable course. that's not correct. the plan that he has announced leaked out, as he has outlined it. it increases taxes $1.6 trillion and does not cut spending any. it increases spending $1 trillion. it has almost no impact on the $9 trillion in debt we're projected to incur over the next ten years. so this is why we've got a problem. the president proposes nothing to deal with the entitlements that are growing at three times the rate of inflation and indeed represent more than half of the spending in our government. so i just got to tell you, they've got a lot of pride here, a lot of human being roe brus, me. this president needs to be helping us come up with a plan that puts america
republican senator jeff sessions with me. he was listening in to the interview. he joins is me now from capitol hill. good to see you, senator. thanks for joining us. let me me get your reaction. >> well, he's spinning a situation that's so serious. we've got to confront honestly and directly. he said on the sundays shows that they were fixing our debt problem, putting us on a sustainable course. that's not correct. the plan that he has announced leaked out, as he has outlined it. it...
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jeff, you have your horns fully placed here. why so firmly if the clarity isn't really there when it comes to what the actual global land scape is looking like from europe to here in the u.s.? >> well, i just spent two weeks in europe, and i don't think things are as bad in europe as a lot of people do. liz: why not? >> the politicians, the bankers and the bureaucrats are the same in europe as they are here. they don't want to lose their jobs, and they're going to continue to paper over this and try to buy time just like we did in our fiasco in '07, '08 and '09. david: david, on the other hand, some people would say what they're doing is stunting growth, raising tax rates, something that may stunt our growth as well. you say that this bull market is overbought right now. it's about to end. why and how sharp a correction are you expecting? >> well, we believe that the high of 12 weeks ago was probably the high for the whole recovery cycle the that started in march of '09. remember that the u.s. stock market was the only market in
jeff, you have your horns fully placed here. why so firmly if the clarity isn't really there when it comes to what the actual global land scape is looking like from europe to here in the u.s.? >> well, i just spent two weeks in europe, and i don't think things are as bad in europe as a lot of people do. liz: why not? >> the politicians, the bankers and the bureaucrats are the same in europe as they are here. they don't want to lose their jobs, and they're going to continue to paper...
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Dec 3, 2012
12/12
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hamby called the targets "coercion to commit fraud." >> jeff hamby: initially, it was 15%. they kept trying to up it. >> kroft: they didn't care how you got there? they just wanted you... >> hamby: wanted us to hit the benchmark, arbitrary benchmark. >> kroft: they're saying, "you will admit these people, whether they're sick or not, whether they need to be hospitalized?" >> hamby: correct >> alford: uh-huh. >> cloonan: they never phrase it that way. they did say "admit 20%." the reality of that is that there's only one way that that can happen, and that is if it is arbitrary. that is, if you do admit patients that don't need to be admitted. >> rankin: for patients who were 65 and over, the benchmark was 50%. >> kroft: those would be medicare patients? >> rankin: correct. >> kroft: you're saying it's not a good idea to admit half the patients over 65? >> cloonan: if you are put into the hospital for reasons other than a good, justifiable medical reason, it puts you at significant risk for hospital- acquired infections and what we would refer to as "medical misadventures." >
hamby called the targets "coercion to commit fraud." >> jeff hamby: initially, it was 15%. they kept trying to up it. >> kroft: they didn't care how you got there? they just wanted you... >> hamby: wanted us to hit the benchmark, arbitrary benchmark. >> kroft: they're saying, "you will admit these people, whether they're sick or not, whether they need to be hospitalized?" >> hamby: correct >> alford: uh-huh. >> cloonan: they never...
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Dec 1, 2012
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i want to thank everyone who brought this together, jeff harris, give jeff hand. [applause] >> jim spiegelman who is always a supporter of everything we do. bill mayer who is an advocate of our program and all of you who have engaged in this conversation. as an investigative journalist, people like donovan hill who suffered second impact syndrome, they talk to me because they want something great to come of their story. they want people to learn so it doesn't happen to someone else. the kind of journalism that is essentials, there is another component if something happens afterward. important people come together and share their perspective and find common ground and identify ideas and advance the conversation moving forward but i feel like i am helping the donovan hills of the world. thank you for coming. [applause] >> if i could interject, i flew out here to ask one question. are am a concerned parent. i have been to four of your executive committee members, these gentlemen are the most adept at speaking to this issue. you mentioned we should have more player re
i want to thank everyone who brought this together, jeff harris, give jeff hand. [applause] >> jim spiegelman who is always a supporter of everything we do. bill mayer who is an advocate of our program and all of you who have engaged in this conversation. as an investigative journalist, people like donovan hill who suffered second impact syndrome, they talk to me because they want something great to come of their story. they want people to learn so it doesn't happen to someone else. the...
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Dec 19, 2012
12/12
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dagen: jeff, thank you very much for that. connell: now to barclays getting bullish on the oil services sector. dagen: sander smith knows it all from the pits of the cme. sandra: oil is flirting with $90 a barrel. the energy sector is one of the best performers today. i have a god who is like barclays very bullish on the sector. >> we have been accumulating halliburton for the past few months. sandra: production levels are significantly higher. it is the threat of more consumption going forward? >> i think we are able to now support ourselves better in the future. i think a lot of people that we would be counting on the middle east forever. sandra: you say own oil services at these levels. >> yes. 4325 cycles. sandra: there you have it. oil is on quite the run today. a lot of folks very bullish, along with barclays on those stocks. back to you. dagen: please use this time of year to remind yourself of how lucky you are to work with me. that is connell's christmas card to the. connell: merry christmas. dagen: you do not want to
dagen: jeff, thank you very much for that. connell: now to barclays getting bullish on the oil services sector. dagen: sander smith knows it all from the pits of the cme. sandra: oil is flirting with $90 a barrel. the energy sector is one of the best performers today. i have a god who is like barclays very bullish on the sector. >> we have been accumulating halliburton for the past few months. sandra: production levels are significantly higher. it is the threat of more consumption going...
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Dec 17, 2012
12/12
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question, is jeff immelt's cozy relationship with the president costing general electric shareholders money? we will be discussing it. and i lost on friday when i questioned "the washington po " post's" claim that the senate would be better with more women. i'm not done debating that. more coming up on this program today. and we want to hear from you as well. send your e-mails to varney@foxbusiness.com and we read them on the air. and we read all of them, by the way. i've got news, clearwire selling itself to sprint for $2.97 a share and sprint raised its offer by 7 cents. some clearwire shareholders wanted and expected more. that stock is down. sprint is up, it's getting what people consider a good deal, at least that's what the market is saying. it's up what, 4 cents, not much. aig selling the rest of its asian insurance unit it's going to bring in 6.5 billion dollars. that was the jewel in the aig empire, being sold. general electric, meeting with investors in new york today. on friday it raised its dividend, but it will pay it next year. not good for shareholders because if taxes
question, is jeff immelt's cozy relationship with the president costing general electric shareholders money? we will be discussing it. and i lost on friday when i questioned "the washington po " post's" claim that the senate would be better with more women. i'm not done debating that. more coming up on this program today. and we want to hear from you as well. send your e-mails to varney@foxbusiness.com and we read them on the air. and we read all of them, by the way. i've got...
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liz: jeff is live from the mississippi river to show us the unbelievable situation there. jeff? >> you are looking at stuff, liz, and dave, that you have not seen, rocks not seen in decades. they call those rock pinnacles. look at this. there are no beaches on the mississippi river. well, now, there are beaches. this is normally underwater. the water level is up there. look at what the formations are doing? they are cracking in the sand. it's that draw because of the draught. the scene on the mighty mississippi, not right now, earlier today, we spent the day on a tow looking at a load of forget laser coming north, so low, they have to reduce the amount of of the barges. we talked to -- tell you, look at the companies affected. companies like monsanto, dow, fertilizers, adm who ships grain. a man who runs a shipping companies along the mississippi who says right now these water levels are killing them. >> efficiencies drawing down in the low river stages, less amount of barges per boat taking more barges and boats to move the same amount of ton. >> it is a difficult situation, an
liz: jeff is live from the mississippi river to show us the unbelievable situation there. jeff? >> you are looking at stuff, liz, and dave, that you have not seen, rocks not seen in decades. they call those rock pinnacles. look at this. there are no beaches on the mississippi river. well, now, there are beaches. this is normally underwater. the water level is up there. look at what the formations are doing? they are cracking in the sand. it's that draw because of the draught. the scene on...
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Dec 12, 2012
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let's talk about this manpower survey with ceo jeff joerres who is joining us again. >> great to be here. >> we just had a ceo on very concerned about job hiring for next year because of the fiscal cliff and all the costs associated with, that and yet your numbers here seem to suggest that at least statistically we're not seeing that much an impact, or am i misreading this here? >> no, you're not. when you look at it it's actually slightly better than what we saw in the fourth quarter and a lot better than the first quarter of this year. >> how do you explain that then? >> what you're really seeing is that right now, as companies are looking at their demand, they are saying, you know what, you've got enough demand that i'll have to continue to creep up. this is not a robust hiring survey but a good hiring survey. i think the real crux is that we are forgetting that at any moment a ceo can push a button and say we're not going to hire anymore because they are used to being agile. you look at fiscal cliff and what's going on in europe. they are standing on guard ready to make decisions ver
let's talk about this manpower survey with ceo jeff joerres who is joining us again. >> great to be here. >> we just had a ceo on very concerned about job hiring for next year because of the fiscal cliff and all the costs associated with, that and yet your numbers here seem to suggest that at least statistically we're not seeing that much an impact, or am i misreading this here? >> no, you're not. when you look at it it's actually slightly better than what we saw in the fourth...
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Dec 27, 2012
12/12
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let's ask the man himself, the man leading the charge, oregon senator jeff americaly. thanks for being here. >> thank you. it's great to be here. >> you've got this plan, you've got a lot of senators on board. what exactly would your plan do and why would it deal with this gridlock? >> well, there's a package of changes. the first is to get rid of the filibuster to proceed. a filibuster in that sense only proceeds to block the debate, rather than enhancing or facilitating debate and it makes no sense. it means we can't even get to the issues facing america. second, we need to get rid of the motions on the filibuster to get you to a conference committee. this is after the senate has passed a bill and it's senator has passed a bill. it takes three motions to get there and that has resulted in a plethora of cases in which the minority has filibustered those motions. the conference committee is become ago dinosaur. we rarely use it because we can't get to it. and then the talking filibuster. the talking filibuster says if we have a vote on closing debate and 41 or more sen
let's ask the man himself, the man leading the charge, oregon senator jeff americaly. thanks for being here. >> thank you. it's great to be here. >> you've got this plan, you've got a lot of senators on board. what exactly would your plan do and why would it deal with this gridlock? >> well, there's a package of changes. the first is to get rid of the filibuster to proceed. a filibuster in that sense only proceeds to block the debate, rather than enhancing or facilitating...
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Dec 13, 2012
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jeff is a rare combination of character: brilliant and humble. for jeff, it's about the work. not about his own ego, not about a monument to himself. for three decades in the u.s. senate, he has been making a difference for the american people and for our home state of new mexico. public service is a noble profession when it isn't swamped by money and when it isn't held hostage to partisanship, and jeff is the best example i know of of nobility and politics. by washington standards, jeff is a man of few words, and when he comes to this floor to speak, we listen. when i -- i frequently said when i'm back in new mexico, i said when i'm at my desk and senator bingaman rises on the floor and i see that he's speaking, i'll turn off the mute and i will listen to the television and i will listen to what he's saying. i'll stop what i'm doing because i know that he'll say something insightful, something worth knowing, something worth thinking about. when jeff came to the senate 30 years ago, this was a different place. there was a new president. there was a fierce battle of ideas, of i
jeff is a rare combination of character: brilliant and humble. for jeff, it's about the work. not about his own ego, not about a monument to himself. for three decades in the u.s. senate, he has been making a difference for the american people and for our home state of new mexico. public service is a noble profession when it isn't swamped by money and when it isn't held hostage to partisanship, and jeff is the best example i know of of nobility and politics. by washington standards, jeff is a...
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Dec 27, 2012
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i'm jeff glor with rebecca jarvis. huge winter storm is making its final stop in the northeast, after causing damage and travel problems coast to coast. >> more than 35 states have felt the power of the storm since it first hit california sunday. it's now blamed for at least 12 deaths, along with the snow it caused more than 40 tornadoes in the deep south, starting on christmas day, and this morning, northern areas of pennsylvania new york and new england have one to two feet of snow on the ground. nearly 500,000 utility customers have lost power. melina shop row is in new york. >> reporter: as the snow continues to fall authorities are urging motorists stay off of the roads. with about a foot of snow already on the ground we're seeing how big and powerful this snowstorm has been. from california to new york the fast-moving storm system that began over the weekend completed its cross-country trek in the northeast, enveloping state after state and heavy snow. >> that's pretty rough. the wet snow it's heavy, you know, ju
i'm jeff glor with rebecca jarvis. huge winter storm is making its final stop in the northeast, after causing damage and travel problems coast to coast. >> more than 35 states have felt the power of the storm since it first hit california sunday. it's now blamed for at least 12 deaths, along with the snow it caused more than 40 tornadoes in the deep south, starting on christmas day, and this morning, northern areas of pennsylvania new york and new england have one to two feet of snow on...
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Dec 3, 2012
12/12
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joining us now is jeff sonnenfeld. jeff, it's great to have you here this morning. >> thanks, becky. good to be with you. >> nobody knows corporate management better than you do. why don't we take a look back. tell us first of all what you think maybe the one or two best shake-ups were just in terms of where management success is headed in a company. >> some of the changes that were kind of interesting, is companies like yahoo! ibm and hp. to all be headed by truly brilliant experienced women who have earned their stripes. we can talk about how each is doing on the job, but it is quite a break through year to have these technology titans let by such accomplished leaders. but i would say the moves at apple, as tim cook has found his oats and a critical top lieutenant under jobs was a bold move and widely celebrated, but not initially understood. jenny romini at ibm, it is an incredible story. they've had, you know, a little bit of market disappointments most recently. but it's been a tremendous story. they know what the
joining us now is jeff sonnenfeld. jeff, it's great to have you here this morning. >> thanks, becky. good to be with you. >> nobody knows corporate management better than you do. why don't we take a look back. tell us first of all what you think maybe the one or two best shake-ups were just in terms of where management success is headed in a company. >> some of the changes that were kind of interesting, is companies like yahoo! ibm and hp. to all be headed by truly brilliant...
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Dec 17, 2012
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anthony is at the nymex and jeff is at the nasdaq. jeff a fiscal cliff deal would be good for stocks but how big of a danger would be it for bonds? >> jackie, we are seeing these treasury prices down like you said and the yields rise. but if we do get that fiscal cliff, specifically the long end of the curve, the ten year, the 30 year can really let out and to joey t.'s point earlier, you see that rotation out of trernries. should really boost the equities market. i think we've had a lot of clarity in the past week. the fed came out. they confirm they're focused on their purchases and the belly of the curve that four to six-year bucket. right now i'm focusing being short these treasury futures in the ten year as well as the 30 year and they're getting hit rhe pretty hard today. >> could we be seeing the beginning of an asset class rotation out of bonds and into stocks? >> yeah, i think you make a very good point. it wasn't only the fiscal cliff that brought yields so low on the bonds. if you look just look in july we had an unemployme
anthony is at the nymex and jeff is at the nasdaq. jeff a fiscal cliff deal would be good for stocks but how big of a danger would be it for bonds? >> jackie, we are seeing these treasury prices down like you said and the yields rise. but if we do get that fiscal cliff, specifically the long end of the curve, the ten year, the 30 year can really let out and to joey t.'s point earlier, you see that rotation out of trernries. should really boost the equities market. i think we've had a lot...
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Dec 4, 2012
12/12
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with me are jeff zeleny with "the new york times" and susan milligan who is contributing editor at ""u.s. news & world report."" you laugh, it's not funny. you both attended that harvard institute of policy forum. they just released, we have the audio recordings of that not filmed event. we have a real autopsy of what went on behind the scenes. during the primaries, the conventions and the general election on the romney side. let's start with the republican race for the nomination. romney's campaign manager matt rhodes was asked whether his candidate had gone too far to the right on immigration when challenged by texas governor rick perry and whether he had any regret about that. rhodes brings up the romney attacks on perry for calling social security a ponzi scheme and says he now feels that would have been enough to defeat perry. he says he didn't need to take the hard right stance on immigration. let's listen to this. here it is. >> i regret that -- i truly believe that people were shocked that we were going after governor perry in a republican primary on social security. they were
with me are jeff zeleny with "the new york times" and susan milligan who is contributing editor at ""u.s. news & world report."" you laugh, it's not funny. you both attended that harvard institute of policy forum. they just released, we have the audio recordings of that not filmed event. we have a real autopsy of what went on behind the scenes. during the primaries, the conventions and the general election on the romney side. let's start with the republican...
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Dec 25, 2012
12/12
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meteorologist jeff berardelli has the details. good morning to you, jeff. >> good morning, rebecca. good morning, everybody. what we have is a strong storm diving south from the rockies, into texas. we already have severe thunderstorms ongoing in places like texas, and also in louisiana. we expect that continue during the day today. and here's the reason why. we have a moist southeasterly surface flow of very strong jet stream in the upper levels. i think we're going to see a lot of severe thunderstorms all across the southeast. some of them will produce strong tornadoes. now on the northern side of the system, it's snowfall and there's going to be a ton of it during the day today, places like oklahoma city little rock southeastern portions of missouri. and then on wednesday and thursday, as much as 1 to 2 feet of snow in interior portions of the northeast. that's going to cause major travel problems in the ohio valley great lakes, and northeast on wednesday and thursday. >> all right. jeff berardelli, thanks so much. >>> a christmas eve tragedy in a small town outside of rochester,
meteorologist jeff berardelli has the details. good morning to you, jeff. >> good morning, rebecca. good morning, everybody. what we have is a strong storm diving south from the rockies, into texas. we already have severe thunderstorms ongoing in places like texas, and also in louisiana. we expect that continue during the day today. and here's the reason why. we have a moist southeasterly surface flow of very strong jet stream in the upper levels. i think we're going to see a lot of...
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Dec 17, 2012
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jeff: that could make a huge difference. that takes a lot of people, small businesses like this one out of the picture. lori: interesting thought. jeff flock, thank you so much. diet pepsi's quietly changing its sweetener. cans of diet pepsi around the country will now list a mix of two artificial sweeteners. the change comes as pepsico looks to reinvigorate its share. pepsi-cola has made several flashy moves the question remains, how may people will really change from coke to pepsi chose because now pepsi is salacious. melissa: i am a diet coke girl. i think a lot of people could tell the difference immediately. you have all of these vitamin water and gatorade and all the sports drinks. it is a tough market right now. lori: diet coke, from the fountain, for sure. melissa: coming up tonight. robert altman joins us for our power panel to discuss speaker boehner's latest offer to discuss the fiscal cliff. we will just sit down and solve the problem. lori: in early christmas present for all of your drivers out there. tracy and
jeff: that could make a huge difference. that takes a lot of people, small businesses like this one out of the picture. lori: interesting thought. jeff flock, thank you so much. diet pepsi's quietly changing its sweetener. cans of diet pepsi around the country will now list a mix of two artificial sweeteners. the change comes as pepsico looks to reinvigorate its share. pepsi-cola has made several flashy moves the question remains, how may people will really change from coke to pepsi chose...
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Dec 6, 2012
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jeff tedford two weeks ago.. dykes guided louisiana techo an impressive 9-3 record int bulldogs had >>> cal has reportedly hired sonny dykes to be the new cal football coach after fire jeff tedford. he guided louisiana tech to a good record. the bulldogs score 5 1.5 points per game. mike macintyre interviewed but there was no interest. first sign of a long seven-game road trip for the warriors beginning in detroit. warriors an early lead. harrison barnes golden state up by 10. they had a two-point lead at halftime and they klay thompson exploded from downtown. then thompson wings it with five in the 3rd quarter alone. can i have an update, please, on the score? 94-83. that's live. exclusive update. how much time is left? three minutes left in the game. we'll update as warrants develop. >>> the debate continues on who should be the 49ers starting quarterback. clearly jim harbaugh isic maaing his decision week by week. >> we have faith and trust in colin and the way he has played and, you know, therefore, another s
jeff tedford two weeks ago.. dykes guided louisiana techo an impressive 9-3 record int bulldogs had >>> cal has reportedly hired sonny dykes to be the new cal football coach after fire jeff tedford. he guided louisiana tech to a good record. the bulldogs score 5 1.5 points per game. mike macintyre interviewed but there was no interest. first sign of a long seven-game road trip for the warriors beginning in detroit. warriors an early lead. harrison barnes golden state up by 10. they had...
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Dec 21, 2012
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jeff, how can this market rally when there's still so much uncertainty out there? >> i am surprised the market held up as well as it did today, maria. it had every reason to be down four or 500 points. historically, the week after christmas it's up about 70% of the time with a little over a percent gain. and i think you're going to see that after tax selling gets over as of today. and in terms of the selling that we are seeing already, do you think it's partly because people are expecting capital gains and dividend taxes to go up regardless? >> yeah, i think that's right. there's still a chance for a solution to the fiscal cliff. washington tends to work on a last-minute basis. the fact that the republicans couldn't even get together and chose some kind of solidarity even though they knew the plan b wouldn't go through is disturbing. >> dean mackey, how do you see 2013? >> the positive thing right now sthot consumer spending was picking up in the fourth quarter. that was the message of today's data. business spending is also picking up. the problem, though, is that
jeff, how can this market rally when there's still so much uncertainty out there? >> i am surprised the market held up as well as it did today, maria. it had every reason to be down four or 500 points. historically, the week after christmas it's up about 70% of the time with a little over a percent gain. and i think you're going to see that after tax selling gets over as of today. and in terms of the selling that we are seeing already, do you think it's partly because people are expecting...
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Dec 2, 2012
12/12
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jeff, why is it that the crisis seems to be heating up? you point out that the congo that the government's army is losing battle after battle. being routed in battle after battle by the rebels. >> i think this is really an issue of state failure. i've been covering congo for six years and i've seen the country get weaker and weaker since i began. there was a big election in 2006 that created a lot of hope and enthusiasm that things were turning around. they haven't. since then, the government has become more authoritarian, more corrupt, more rebel groups. what we are seeing is a symptom and cause. it's a symptom of this weak state that can't control its own territory. watch the couple hundred rebels march into the big es city in the country and they didn't do much about it. that's also a cause. now that the rebels have taken goma, a lot of other opposition groups are starting to think wait, maybe now is the time to really take on the government, and people are smelling blood in the water, and that's the worry that these rebels in eastern c
jeff, why is it that the crisis seems to be heating up? you point out that the congo that the government's army is losing battle after battle. being routed in battle after battle by the rebels. >> i think this is really an issue of state failure. i've been covering congo for six years and i've seen the country get weaker and weaker since i began. there was a big election in 2006 that created a lot of hope and enthusiasm that things were turning around. they haven't. since then, the...
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Dec 17, 2012
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i'm here with jeff lacker, the lone dissenter in the last fed meeting. i think you dissented all year long. >> true. >> let's get into the reason why you dissented. in the past you dissented on the purchases. this time there was a new aspect to the statement. you dissented on the issue of the economic targets. what's wrong with 6.5% unemployment and 2.5%? >> i was happy to get rid of the calendar date. i thought it was flawed, created awkward problems for us when the time came to adjust it one way or another. i was happy to get rid of that. i agreed to that part of the committee's decision. i think that setting a numerical threshold for unemployment, i would have preferred a qualitative approach to describing conditions under which we'd -- we're likely to start raising rates. numerical threshold for unemployment is risky for a couple of reasons. first, because no one's statistic can really capture everything we think is going on in the labor market. the unemployment rate can fall for bad reasons. it can stay high even though the labor market is improving
i'm here with jeff lacker, the lone dissenter in the last fed meeting. i think you dissented all year long. >> true. >> let's get into the reason why you dissented. in the past you dissented on the purchases. this time there was a new aspect to the statement. you dissented on the issue of the economic targets. what's wrong with 6.5% unemployment and 2.5%? >> i was happy to get rid of the calendar date. i thought it was flawed, created awkward problems for us when the time came...
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Dec 25, 2012
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. >> jeff ford catches this hair-raising moment on camera while on his way home from work late one night. >> i was actually on the train sleeping myself. a lady screams oh my god, there is a rat, there's a rat on the train. i wake up and look around. i look down at my feet and there is a rat at my feet. >> he takes out the point-and-shoot camera and catches it climbing on to this unified sleeping man. >> i thought it was a crazy video because i've never seen a rat on the train period in my life, and i have lived here all my life. >> within days of ford posting the clip on facebook and youtube, it has tens of thousands of views, and for good ran. >> it's pretty fricking amazing. he caught a rat climbing on somebody on the new york subway. >> an experience ford won't forget any time soon, even if he wanted to. >> i have a hard time sleeping on the trains now. i really seriously do. i think about it. a rat crawling up on you? no. i don't want that to happen. >>> in our next video, a giant ball of legos rolls down a san francisco street. but could this be green screen technology or some othe
. >> jeff ford catches this hair-raising moment on camera while on his way home from work late one night. >> i was actually on the train sleeping myself. a lady screams oh my god, there is a rat, there's a rat on the train. i wake up and look around. i look down at my feet and there is a rat at my feet. >> he takes out the point-and-shoot camera and catches it climbing on to this unified sleeping man. >> i thought it was a crazy video because i've never seen a rat on the...
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Dec 7, 2012
12/12
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jeff fettig, appreciate it. >> coming up next, u.s. job growth picking up in november with nonfarm payrolls resulting in 146,000. is goldman's chief economist pleased with this number? find out when we have an exclusive next. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> november jobs number coming in as quite a surprise to most. the street believed the numbers would be significantly lower due to sandy's impact. the labor department saying that was not the case. joining us exclusively, jan haszius. will we come in next month with huge very rigrevisions down to number. >> i don't think so. i don't think there's that much news in the report. the headlines of course are much better both on the establishme
jeff fettig, appreciate it. >> coming up next, u.s. job growth picking up in november with nonfarm payrolls resulting in 146,000. is goldman's chief economist pleased with this number? find out when we have an exclusive next. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's...
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up next, oregon senator jeff merkley. he's a member of the budget committee. >>> and kobe bryant joins an elite club with basketball greats like michael jordan and kareem abdul-jabbar. his impressive feat, we'll tell you all about it. >> the greatest player in the history of the los angeles lakers. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on the brands you want. walmart. starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you
up next, oregon senator jeff merkley. he's a member of the budget committee. >>> and kobe bryant joins an elite club with basketball greats like michael jordan and kareem abdul-jabbar. his impressive feat, we'll tell you all about it. >> the greatest player in the history of the los angeles lakers. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on the brands you want. walmart. starts with ground...
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Dec 11, 2012
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jeff flock is in lansing michigan covering the story for us. i thought it was interesting how you covered the scene there with michigan a few years back, excuse me, wisconsin. >> wisconsin, exactly. not the same kind of intensity. part of that is because this is already pretty much a done deal. there they had not a teacher headed off. the second one being debated right now. but renew over here to the scene of the george romney state office building. george romney, former governor of wisconsin, and father of mitt romney. the large group of protesters are trying to get into the crowd and see. they have essentially ringed the entrance of the building trying to make their voices heard. they feel very frustrated. they feel this had passed in a lame duck session without the opportunity for there to be more debate about it. that is their feeling. at this point you mentioned a little bit of white you could call it violence. nothing serious at this point, but we want to keep an eye on this because there are lots of folks, pretty hard to believe michigan
jeff flock is in lansing michigan covering the story for us. i thought it was interesting how you covered the scene there with michigan a few years back, excuse me, wisconsin. >> wisconsin, exactly. not the same kind of intensity. part of that is because this is already pretty much a done deal. there they had not a teacher headed off. the second one being debated right now. but renew over here to the scene of the george romney state office building. george romney, former governor of...
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jeff flock has more. jeff: whenever there is a huge economic recovery in this country, this is what it will look like. this is a company that makes generators like no other. they have more of the backup generator market in this country than all the other competitors combined. despite the fiscal cliff, you are in a massive upswing. >> we are. demand for our products has been tremendous. obviously, that comes from the outages we have experienced as a country. it has put a lot of demand out there for our product. jeff: these are the alternators that go inside the generators for those of you who maybe do not remember their high school physics. the bottom line is, you have a huge market for this right now. >> we do. a rich market today. there are a lot of hustled out there that could use a product like this. jeff: take a walk with me, i want to say people briefly. this plan. this is a massive plant. you cannot hire people fast enough. you cannot make generators fast enough. >> that is true. we have hired over
jeff flock has more. jeff: whenever there is a huge economic recovery in this country, this is what it will look like. this is a company that makes generators like no other. they have more of the backup generator market in this country than all the other competitors combined. despite the fiscal cliff, you are in a massive upswing. >> we are. demand for our products has been tremendous. obviously, that comes from the outages we have experienced as a country. it has put a lot of demand out...
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. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are bullish, increasing production by 11%, and gm holding off on sales forecasts because they are worried about the cliff. look at the numbers. as lori said, gm up 3%, ford up 6%, chrysler up, 30th consecutive month of increases for chrysler, toyota up 17%. gm did well with small cars, we're getting to the point in the country where cars are # getting so old, 11 years is the average age of a vehicle right now, and that is driving it as well. on the sandy front, as we look at the stock numbers, the folks at ford say we are 30,000 additional sales industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that recall's interesting because they do
. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are bullish, increasing production by 11%, and gm holding off on sales forecasts because they are worried about the cliff. look at the numbers. as lori said, gm up 3%, ford up 6%,...
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Dec 30, 2012
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you know, dan, we had visits this year from a lot of ceo's and i would struck by paul otelinni and jeff bezos. and it's going to double every couple of years and continue and roll through the economy, so you're going to have a digital revolution with artificial intelligence, voice recognition, things that transform the way we live our lives no matter, even if the economy keeps growing at 1% or 2%, one big question, is that growth and innovation going to happen here in the united states or more of it overseas in places like china? >> yeah, well, take this robotic device i just-- this is a medical device and under the obamacare law, medical devices will be subject to a tax because they have to pay for obamacare. >> paul: yes. >> this is the sort of thing, if we keep doing will suppress the growth of technology in this country and then again, there's the issue of immigration policies. a lot of this technology driven by engineers who come from asia, silicon valley and has been the result of immigration into the united states. if we don't stand in the front of these things, we can grow. >> p
you know, dan, we had visits this year from a lot of ceo's and i would struck by paul otelinni and jeff bezos. and it's going to double every couple of years and continue and roll through the economy, so you're going to have a digital revolution with artificial intelligence, voice recognition, things that transform the way we live our lives no matter, even if the economy keeps growing at 1% or 2%, one big question, is that growth and innovation going to happen here in the united states or more...
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Dec 26, 2012
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lori: jeff flock in the pits of this cme. jeff: we have a number of factors running today. i don't think any of them have to do with the fiscal cliff. you can see for your self the volume. there is tumbleweeds going through the pits. i will show you reasons why oil is off today. they all have to do with the middle east. suspended production with baghdad over prices. iran, to prices of military exercises. military exercises starting there today. that makes the oil market very jittery. you can see a little thin here. everything from wti to brent to gasoline futures to heating oil futures. we have a lot of cold weather coming in. a much more need for heating oil and the like. i didn't hear in that ad room. trading volume is light. tracy: so cool. jeff flock, thank you for doing that for us. [talking over each other] lori: as we do every 15 minutes, we chuckled the markets. nicole petallides on the floor of the new york stock exchange. nicole: a lot of down arrows. zynga is really bucking the trend. it is up 3.25%. it is of about three pennies. we are hearing potential for gami
lori: jeff flock in the pits of this cme. jeff: we have a number of factors running today. i don't think any of them have to do with the fiscal cliff. you can see for your self the volume. there is tumbleweeds going through the pits. i will show you reasons why oil is off today. they all have to do with the middle east. suspended production with baghdad over prices. iran, to prices of military exercises. military exercises starting there today. that makes the oil market very jittery. you can...
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also 29-year-old jeff attarly killed. he just joined the force last year. >>> american injured overnight in a bomb blast in kabul, afghanistan. this is brand-new video of the aftermath of that car bombing. outside a compound, housing a u.s. military contractor. two afghan workers died in the attack. the taliban has claimed responsibility. >>> most detailed report on the benghazi, libya terrorist attack released today. the independent advisory review board will deliver its assessment. congress will see it. the state department will then make recommendations on improving security. secretary of state hillary clinton ordered this review, but she will not testify now about benghazi, at least not this thursday after fainting and suffering a concussion. >>> the latest moon mission coming to a crashing end. nasa's twin space probe named e ebb and flow will crash into the moon's surface. they've been orget bitting the moon for a year action creating a detailed map. the mission is complete. >>> those are your headlines. >> steve: k
also 29-year-old jeff attarly killed. he just joined the force last year. >>> american injured overnight in a bomb blast in kabul, afghanistan. this is brand-new video of the aftermath of that car bombing. outside a compound, housing a u.s. military contractor. two afghan workers died in the attack. the taliban has claimed responsibility. >>> most detailed report on the benghazi, libya terrorist attack released today. the independent advisory review board will deliver its...
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Dec 10, 2012
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i also want to recognize, as david has, the hard work of david, mike, jeff, of the center. who is responsible for convening this group of scholars, poice makers, and key figures from the private sector. as david highlighted this session i should point out that we examined the full spectrum over high skilled immigration in an effort to refrain current thinking about admission policies or highly skilled foreign born workers. experts provide different perspectives on the suggest and discuss the benefits and limitations of current and proposed policies. simply put, they put deliberations together with some very smart people. the writer famously observed that the thing he disliked about an argument that it interrupts a discussion. our aim is discussion tonight. to pull threads together and to invite your questions and discussion and to focus on some of the big issues. to do so we have aseemed a panelist representing three groups. the academy, the government, and the private sector. we will rely on veteran journalist alan murrey to introduce the panelists. he is a long-time frien
i also want to recognize, as david has, the hard work of david, mike, jeff, of the center. who is responsible for convening this group of scholars, poice makers, and key figures from the private sector. as david highlighted this session i should point out that we examined the full spectrum over high skilled immigration in an effort to refrain current thinking about admission policies or highly skilled foreign born workers. experts provide different perspectives on the suggest and discuss the...
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Dec 8, 2012
12/12
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. >> reporter: for paul and jeff, the supreme court decision is personal. they launched the challenge to prop 8 seeking the right to marry. >> sometimes the court system needs to nudge us forward to be a better, more united america. >> reporter: the court could rule in a way that impacts same- sex marriage only in california and does not affect the rest of the country. >> movements are a mix of things and you have to kind of take the ups with the downs. >> reporter: the court will hear the marriage cases in march. a decision will probably come by the end of june. john blackstone, cbs news, san francisco. >> pelley: john, thank you. the court also said today it will hear a second case on same- sex marriage. that case is a challenge to the current law that denies married same-sex couples the same federal benefits as other married couples. we checked with the census bureau today and they told us there are just over 600,000 same-sex couple households in olerica today. most states-- 38-- ban same-sex marriages. nine states and the district of ges.mbia allow them
. >> reporter: for paul and jeff, the supreme court decision is personal. they launched the challenge to prop 8 seeking the right to marry. >> sometimes the court system needs to nudge us forward to be a better, more united america. >> reporter: the court could rule in a way that impacts same- sex marriage only in california and does not affect the rest of the country. >> movements are a mix of things and you have to kind of take the ups with the downs. >>...
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